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Thinking Outside the Form: Tools, Techniques, and Opportunities for Residential Appraising
April 27, 2012
* includes late fee
Mark V. Smeltzer, SRA
8407 Pennell Street
to check state approvals
Sponsor / Contact
Washington DC Metropolitan Area
11804 Bare Sky Lane
Thinking Outside the Form
is a one-day seminar for residential appraisers that focuses on appraisal communication: communication that is understandable to the intended users, meaningful within the context of intended use, and compliant with appraisal standards. The three-fold purpose of the seminar is to
Review pertinent appraisal standards that are required in appraisal reporting
Provide practical recommendations for supplementing form appraisal reports with tools and techniques that improve compliance with appraisal standards and produce reports that are meaningful and understandable
Suggest and promote alternatives to residential appraisers in addition to mortgage appraisal assignments, to “think outside the form” for new appraisal products and business opportunities.
This seminar is not limited to a discussion of summary appraisal reports, quantitative analysis, traditional tools and techniques for developing value opinions, or “tried and true” methods of reporting assignment results. It stresses a broadened perspective and understanding of tools, techniques, concepts, products, and report options not used in typical mortgage appraisal assignments. There are many opportunities beyond mortgage appraisal work, and participants will learn to create new business models that “think outside the form.”
At the end of this seminar, participants will be able to
Prioritize and apply pertinent USPAP standards that govern effective appraisal communication.
Implement the meaning of terms such as “summarize,” “analyze,” and “meaningful,” as they relate to professional appraisal standards.
Perform and report a higher level of market analysis than typically required by pre-printed residential appraisal report forms.
Visualize the value of spreadsheets, charts, and graphs in supporting assignment conclusions.
Write an effective highest and best use summary.
Identify and apply six critical tests for appropriate selection of comparable sales in the sales comparison approach.
Provide real world solutions to appraisal problems regarding comparable selection.
Recognize the advantages of qualitative sales comparison analysis and utilize qualitative techniques to provide credible assignment results when data for quantitative analysis is limited.
Support adjustments in the sales comparison approach using tools, techniques, and methods derived from market analysis.
Improve on the development and reporting of the cost and income capitalization approaches in residential appraisal assignments.
Benefit from the advantages of using the Restricted Use Appraisal Report format in non-mortgage residential appraisal assignments.
Utilize the process of reconciliation as one of the most useful tools available to the appraiser to analyze, summarize, and support conclusions in the appraisal report.
Who Should Enroll
Residential real estate appraisers
Up To 14 days prior to program start date, refund in full.
5 - 13 days prior to program start date, $50.00 cancellation fee.
Less than 5 days prior to program start date, forfeit of payment.
Up To 14 days prior to program start date, no transfer fee.
5 - 13 days prior to program start date, $25.00 transfer fee.
Less than 5 days prior to program start date, no transfer allowed.
Program materials can be downloaded by the student or can be picked up at the site.
Class will be at the Northern Virginia Association of Realtors office located at 8407 Pennell Street,
Fairfax, VA 22031. Click the link below for directions.
Registration begins at 8:30am.
Class is from 9am-5pm with a one hour lunch (on your own). There are numerous restaurants in the vicinity.
Northern Virginia Association of Realtors
8407 Pennell Street
Fairfax, VA 22031